Market Failure Can Be Caused by

question 208

Multiple Choice

Market failure can be caused by

• A)low consumer demand.
• B)government intervention and price controls.
• C)externalities and market power.
• D)high prices and foreign competition.

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Definitions:

Zygomatic Arch

The bone that forms the prominence of the cheek; it is part of the zygomatic bone.

Temporomandibular Joint

The hinge joint that connects the lower jaw (mandible) to the temporal bone of the skull, facilitating mouth movements.

Lateral Collateral Ligament

A ligament on the outer side of the knee joint that provides stability by preventing excessive lateral motion of the joint.

Posterior Cruciate Ligament

A ligament in the knee that connects the femur to the tibia and helps stabilize the knee joint.